Category: News

Some subsidy allocations pared in Oman’s 2024 State Budget

Image Source: Oman Daily Modest cuts have been announced in subsidy allocations across a range of utilities and essential services in the 2024 State Budget of the Sultanate of Oman. This is in line with the government’s commitment to gradually rolling back subsidies – part of its longstanding bid to reduce the budget deficit. Subsidy […]
Read More

Seven project categories eligible for green finance in Oman

Image Source: Oman Ssustainability Week Projects ranging from rail electrification and energy storage systems to offshore wind farms and waste-to-energy schemes are among dozens of initiatives that will qualify for green finance under the Sustainable Finance Framework launched by the Sultanate of Oman last week. The framework, the first of its kind in the Gulf […]
Read More

Oman’s green hydrogen projects to support GDP growth, Fitch says

Image Source: Oman News Agency Oman’s aim to expand domestic green hydrogen production could support its gross domestic product, fiscal revenue and the balance of payments over the long term amid the global energy transition, according to Fitch Ratings. The main effect of the green hydrogen development plan in the near term is likely to be on investment […]
Read More

Oman set to issue RFQs for major renewable energy projects

Image Source: Oman Sustainability Week Oman is set to issue Requests for Qualifications (RFQs) for multiple renewable energy projects this year. The plans, announced by Nama Power & Water Procurement Co (PWP), involve four wind-based Independent Power Projects (IPPs), a mid-sized solar PV-based IPP, and a Waste-to-Energy initiative. The projects will be procured through competitive bidding, with RFQs expected […]
Read More

Fluxys, OQGN to work on hydrogen and CO2 infrastructure projects in Oman

Image Source: FuelCellsWork Belgium’s energy infrastructure company Fluxys and Omani state-owned transmission system operator OQ Gas Networks (OQGN) have signed a memorandum of understanding (MoU) to jointly explore strategic cooperation in the development of hydrogen and CO2 infrastructure projects in Oman. The signing took place on October 24, 2023, which was also the day of […]
Read More

US incentives could benefit Oman green projects

Image Source: Times of Oman Countries like Oman can play a key role in the US plan to create a global energy transition platform backed by the multibillion-dollar Inflation Reduction Act (IRA). “We are creating a global platform. We will help lower the cost by scaling up the production of electrolysers, batteries and electric vehicles… we will invest in […]
Read More